Oceaneering Acquires C & C Technologies

Oceaneering International announced that it has closed
the previously announced definitive agreement to acquire C & C
Technologies, a global provider of survey and satellite-based
positioning services.

Subject to customary post-closing working
capital adjustments, the acquisition price of approximately $230 million
was paid in cash.

Oceaneering is a global provider of engineered
services and products, primarily to the offshore oil and gas industry,
with a focus on deepwater applications. Through the use of its applied
technology expertise, Oceaneering also serves the defense and aerospace
industries.